A study from T. Rowe Price about 401(k) plan participants had some results that should really not shock anyone.

The study showed that people who participate in 401(k) plans are more confident about their financial futures than those who don’t participate—regardless of income or assets. It also showed that low-income households save more if they participate in a retirement plan. In addition, it showed that people who choose not to participate in workplace savings plans struggle more financially than those who don’t have access to workplace savings plans.

I love T. Rowe Price and I love studies that state the obvious.